FisherTransform_HTF_Signal – indicator MetaTrader 5

FisherTransform_HTF_Signal shows a trend direction or a signal for performing a deal generated by FisherTransform indicator at the chosen bar as a graphic object with colored trend indication or deal direction and sends alerts or audio signals in case of a market entry moment.

In case a trend continues at the selected bar, the indicator alerts by a graphic object in the form of the right arrow, the color of which corresponds to a trend direction. In case a trend has changed at the selected bar, the indicator alerts by the arrow, color and direction of which correspond to a performed deal direction.

All input parameters can be divided into three large groups:

1. FisherTransform indicator input parameters:
   

   //+------------------------------------------------+ 
   //|  Indicator input parameters                    |
   //+------------------------------------------------+ 
   input string Symbol_="";                   // Financial instrument
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H6; // Timeframe for the indicator calculation
   input uint Length=10;                      // Indicator period

2. FisherTransform_HTF_Signal indicator input parameters that are necessary for the indicator visualization:
   

   //---- indicator display settings
   input uint SignalBar=0;                              // Signal bar index, 0 is a current bar
   input string Symbols_Sirname=INDICATOR_NAME"_Label_";// Indicator labels name
   input color UpSymbol_Color=Teal;                     // Growth symbol color
   input color DnSymbol_Color=DarkOrange;               // Downfall symbol color
   input color IndName_Color=DarkOrchid;                // Indicator name color
   input uint Symbols_Size=60;                          // Signal symbols size
   input uint Font_Size=10;                             // Indicator name font size
   input int X_1=5;                                     // Horizontal shift of the name
   input int Y_1=-15;                                   // Vertical shift of the name
   input bool ShowIndName=true;                         // Indicator name display
   input ENUM_BASE_CORNER WhatCorner=CORNER_RIGHT_UPPER;// Location corner
   input uint X_=0;                                     // Horizontal shift
   input uint Y_=20;                                    // Vertical shift
   

3. FisherTransform_HTF_Signal indicator input parameters that are necessary for triggering alerts and audio signals:
   

   //---- alerts settings
   input ENUM_ALERT_MODE alert_mode=OnlySound; // Actuation indication version
   input uint AlertCount=0;                    // Number of submitted alerts

In case several FisherTransform_HTF_Signal are to be used on one chart, each of them should have its own Symbols_Sirname (indicators labels names) string variable value.

Place the FisherTransform indicator compiled file to the terminal_data_folder\MQL5\Indicators\.

Fig. 1. Sell signal

Fig. 2. Uptrend continuation signal